how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

http://uk.finance.yahoo.com/q?s=^SPX&d=c&k=c3&a=r14&t=5d&l=on&z=m&q=l

Been a bit busy to post or trade today.
Going to the airport in a bit to pick my daughter up
who is coming home for a long weekend.

Steady rise off a double bottom at 1060.
Higher oil prices don't seem to be having any braking affect.
Folk are no longer sure if this is a bounce in a new downtrend,
or if we've just extended the 8 month range a little and are now
heading back up to the top of it.
I dare say we'll find out when/if it comes back up to the 200Ma
and decides what to do.
Just following it, when I get time to trade, and not trying to
second guess it.

Melnibone.

The Dow's looking a bit bearish.
errr......perhaps not yet.

The Bullish Percent Index appears to have bottomed out.

Afternoon all:
Double witching day today so be careful. The expiry on the ftse was like a damp squid. Also remember that expiry on SNP happens on the open of the market.
I think we will most probably see a high in the first hour and then trail off. I hope to see decent volatilty so can scalp.The bias as far as I am concerned is a Downward market. I would not be surprised to see 1070 -1067 area on the SNP either today or Monday. If today closes lower than Monday is Lower again.
Thats my View and Yours may be different. Watch these EST Times (not GMT) for changes in trend. 9.50 -10am, 11.30 (hopefully will a Low) 12.25 and 1.30pm.

As usual let the market decide your actions not the other way round.
DYOR, NAG

rgds
zarif

http://uk.finance.yahoo.com/q?s=^NDX&d=c&k=c3&p=m20&t=6m&l=on&z=m&q=c

Since breaking the range, the NDX is now having trouble getting
back above the 20Ma. IMHO, it needs to break though this for the
bounce to continue.
At the moment it's stalling around this level which is also
circa the Wed/Thu highs.

Melnibone.

Do you ever use this chart Melnibone? It is quite useful. It shows the number of NASDAQ stocks above their 50 day ma.
http://stockcharts.com/def/servlet/SC.web?c=$NAA50,uu%5Bh,a%5Ddaclynay%5Bpc18!c19%5D%5BiLya14,28,56!Ll14%5D&pref=G

Thanks for that, Snoball.

I'll have a check into that and see how it ties in with the NDX
swing charts.

Melnibone.

Not exactly a rip snorting, action packed day today is it.

yes your truly right snowball. lets hope for better pickings soon

Afternoon all:
The Dow has been playing in a narrow range and yesterday was in the 35-40pts range not enough to swing a cat.
So what are we going to get today?
With greenbum speaking at 3pm est i think so be careful.
I think it will head south in the morning session and then track north with low anaemic Vols and this could be till labor day.
Remember they are master thieves and u dont want to line thier pockets with your hard earned dosh.
rgds
zarif

The Bullish Percent Index is pretty convincing.
As is the NASDAQ.
Not forgetting November election.

All set for a Christmas rally?

morning all

morning.

afternoon.any thoughts today on the dow?

A downward retracement ( in the direction of the main trend )is taking place, orky.
I think.

LOL! Oh, no it isn't!

Hello everybody:
Snoball Thanks for keeping the charts updated.
Not much happening on the boards or the market in general. Stuck in a rnage and better to watch until takes direction hopefully downwards.
Shorting the mini rallies and scalping atm.
I think Tomorrow Might give us the answers -but remember seasonal weakness in stocks in Sept. I think will hit a bottom good style most probably after labour Day and Downward bias till second week in SEPT. Then track Upwards.
Thats my view yours will be totally different and thats what gives us perspective.

rgds
zarif

ps: very quiet on all the threads.

ttt

Hi snoball:
Thanks for the update on charts.
Wonder whats in store for us today?
trade safely and wisely.

ps: the dow chart looks really squashed, the others are allright.

What are your views today?

rgds
zarif